CF makes another offer for Terra Industries - KTIV News 4 Sioux City IA: News, Weather and Sports

CF makes another offer for Terra Industries

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SIOUX CITY, Iowa (KTIV) - CF Industries isn't giving up on a hostile takeover bid for Sioux City based Terra Industries.

CF went so far as too sweeten their offer for the second time.

CF raised its offer to about $30.50 a share, from a bid of $27.50 a share two weeks ago.

CF is pressing Terra's board to accept a negotiated merger and is proceeding with a plan to elect a slate of three directors at Terra's 2009 annual meeting.

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